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Lloyds Banking Group has set aside another £1bn to compensate for mis-sold payment protection insurance, taking the firm’s total bill to £17bn. The announcement came in the firm’s Q3 results, which show pre-tax profits for the last quarter fell 15 per cent to £811m. Total income for the quarter rose by 1 per cent to […]

Lloyds was the most complained-about mortgage and home finance brand in the first half of the year, with 769 new cases received, according to the Financial Ombudsman Service. The second was Santander UK with 563, then Barclays with 473, Nationwide with 433 and NRAM with 325. NatWest was the sixth most-complained about firm, with 280 […]

Lloyds Bank is suing property investors West Ten Properties (UK) for £4.29m over unpaid debt, according to papers filed at the High Court. Lloyds signed two loan facility deals with West Ten in January 2009, according to court papers filed in early August and recently made public. The first was for a maximum of £500,000, […]

Thomas Smith, manager of the Neptune Latin America Fund Latin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and on the hope of […]